Homestead Properties
Homestead, Florida
Building
Stats
- Property Type Retail - Restaurant, Hospitality - Full Service
- Year built 1968
- Building size (SF) 23,629
- Size (Ac) 2
- Price $4,000,000
Overview
Highlights
The Property consists of two types of income producing properties:
The Inn of Homestead – A two-story, 50-room hotel with swimming pool, guest laundry rooms and 60 parking spaces.
Mario’s Latin Cafe – A single-story, full-service restaurant with 40 parking spaces. Under a lease expiring March 2022.
Property has excellent frontage along US-1, and subject to zoning laws, a potential redevelopment site for multifamily rentals, adult living facility, retail center and other uses.
Another potential use may be converting the hotel to multifamily micro-units and keeping the restaurant by extending the lease term.
Team
Downloads
Inn of Homestead-Flyer
13._LOI_-_Inn_at_Homestead.pdf
12._Miami-Dade_Enterprise_Zone_Program.pdf
11._Inn_of_Homestead_Demos_(1_3_5mi).pdf
10._MDC_-_RE_Property_Tax_2020_-_Restaurant.pdf
09._MDC_-_RE_Property_Tax_2020_-_Hotel.pdf
08._Annual_Financials-_Partnership.TaxBasis_-_2018.pdf
07._Annual_Financials-_Partnership.TaxBasis_-_2019.pdf
06._Annual_Financials-_Partnership.TaxBasis_-_2020.pdf
05._Restaurant_Business_Lease_-_Mario's_Latin_Cafe.pdf
04._Confi_and_Non-Circumvent_Agreement_Principal-Broker.pdf
03._Confi_and_Non-Circumvent_Agreement_Principal.pdf
02._Income_Valuation_2021.pdf
01._Inn_of_Homestead_-_Flyer.pdf
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